Dow has just broken its Yearly Cycle uptrend line and the SPX is very close.

Added: A second chart showing the last two Yearly Cycle Lows on the Dow after the YC uptrend line was breached. YCLs can be nasty and I would expect this YCL to coincide with the next Intermediate Cycle Low in stocks which should occur in the Nov/Dec timeframe.

Will history repeat? Time will tell. 😉

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